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Parallel Systems is developing cleaner, automated rail vehicles and software to decarbonize freight and improve supply chain logistics. Their focus is on creating new autonomous and electric transportation systems for existing rail infrastructure, aiming to convert part of the $700 billion U.S. trucking industry to rail.
Company Stage
Series A
Employees
51-200
Industries
Automotive & Transportation, Hardware, Industrial & Manufacturing, Energy, Social Impact
Total Funding
$58.5M
Headquarters
N/A
Founded
2020
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